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problem1 - Account Title Cash flows from Operating...

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Indirect Method Carpet Company Statement of Cash Flows For Year Ended Dec. 31, 2008 Account Title Cash flows from Operating Activities     Net Income     Adjustments to Reconcile Net Income to      Net Cash provided By Operating Activities Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Taxes Payable Depreciation Expense Net cash provided by Operating Activities Cash flows from Investing Activities Cash paid for equipment Net Cash used by Investing Activities Cash flows from Financing Activities Cash received for issuing stock Cash paid for dividends Net cash provided by Financing Activities Net Increase in Cash Cash Balance at beginning of 2008 Cash Balance at end of 2008 Direct Method Carpet Company Statement of Cash Flows For Year Ended Dec. 31,2008
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Unformatted text preview: Account Title Cash flows from Operating Activities Cash received from customers Cash paid for Merchandise Cash paid for Expenses Cash paid for Taxes Net Cash Provided by Operating Activities Cash flows from Investing Activities Cash paid for equipment Net Cash used by Investing Activities Cash flows from Financing Activities Cash received for issuing stock Cash paid for dividends Net cash provided by Financing Activities Net Increase in Cash Cash Balance at beginning of 2008 Cash Balance at end of 2008 Dr Cr $9,000 $1,000 ($3,000) $2,000 ($1,000) $1,500 9,500 ($3,500) ($3,500) $3,000 -2,500 $500 $6,500 $4,000 $10,500 Dr Cr $62,000 ($41,000) ($6,300) ($5,200) $9,500 ($3,500) ($3,500) $3,000 -2,500 $500 $6,500 $4,000 $10,500...
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This note was uploaded on 03/05/2010 for the course BMGT 364 taught by Professor -- during the Spring '10 term at UMBC.

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problem1 - Account Title Cash flows from Operating...

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